While most buyers will definitely conduct a home inspection before buying your home, it is becoming an increasingly common practice for sellers to also perform their own home inspection. Let’s see why that’s a great idea.
According to a recent study by the U.S. General Accounting Office, over 80% of homebuyers conduct a home inspection before buying. These inspections are meant to uncover undisclosed flaws which could potentially translate into costly repairs down the road. When the home buyer performs an inspection and discovers a flaw, they may be led to offer a lower price. In some cases, they may walk away from the deal altogether if they feel the flaws may necessitate expensive repairs in the near future.
When you the seller conducts your own home inspection, you are appraised on all issues pertaining to the home way before the buyer uncovers them. This helps in preparing oneself and setting the correct expectations when it comes to price and potential repairs when negotiating with the buyer.
In many cases, a home inspection conducted by you seller will identify potential issues such as water damage, foundation problems, roof leaks, AC issues, improperly grounded outlets and more. A report will then be generated which will detail the findings and outline a list of recommended repairs and remedies. This report places the seller in a better position when it comes to negotiating with a prospective buyer.
When negotiating with a potential buyer, the seller will have a powerful tool in his or her arsenal. This home inspection report can then be offered to a potential home buyer, reassuring them that prospective buyer is committed to integrity and quality. This inspires confidence by the buyer before making the final decision.
The following is included in the seller’s home inspection report:
- The general condition of the Roof
- The exterior state of the home such as sealants, siding, sealants, grade, and drainage
- The Mechanical components which include the Furnace, AC (air-conditioner), water heater, and water main shut-off, plumbing, fuse boxes, etc.
- Electrical components such as main distribution panels, fuse boxes and sub-panels
- Structural state the home. This touches on trusses, joists, and foundation